Hey guys,
I haven't posted anything here for a while and I must say I missed it!
I hope that you are well and that you are going through this particular situation in the best possible conditions.
Here is an interesting trade on the GBP/CHF pair.
We can see that the pair is very bullish whether it's in Daily, H4, H1 or M15 from an Ichimoku point of view (prices are above the cloud, the lagging span has no obstacle, etc.).
Today it broke an important resistance that I have been following for a a few days now.
If we use the "modified Schiff Pitchfork" tool we can see that the pair still has a few pips to go before it reaches a first dynamic resistance.
The idea is simple: we wait for a bounce towards the broken resistance to enter at lower levels. My target will be the blue line at the top of the pitchfork around 1.14570.
I will mention if I take a position and at what level.
If the pair continues its upward path the trade is cancelled.
Good luck to you
Jesse
I haven't posted anything here for a while and I must say I missed it!
I hope that you are well and that you are going through this particular situation in the best possible conditions.
Here is an interesting trade on the GBP/CHF pair.
We can see that the pair is very bullish whether it's in Daily, H4, H1 or M15 from an Ichimoku point of view (prices are above the cloud, the lagging span has no obstacle, etc.).
Today it broke an important resistance that I have been following for a a few days now.
If we use the "modified Schiff Pitchfork" tool we can see that the pair still has a few pips to go before it reaches a first dynamic resistance.
The idea is simple: we wait for a bounce towards the broken resistance to enter at lower levels. My target will be the blue line at the top of the pitchfork around 1.14570.
I will mention if I take a position and at what level.
If the pair continues its upward path the trade is cancelled.
Good luck to you
Jesse
Comment:
Entering long now @ 1.13820
Comment:
It's a 70-pip trade